Form 4: AudioEye Executive Chairman Acquires Shares as Part of Compensation, Disposes Shares for Tax Obligations

Dr. Carr Bettis, Executive Chairman of AudioEye, acquired 772 shares of common stock as part of his base salary and disposed of 304 shares to cover withholding taxes.

Summary

• On September 30, 2024, Dr. Carr Bettis, the Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary.
• The acquisition was made at a price of $0 per share, as it was part of his compensation package.
• On the same day, Dr. Bettis disposed of 304 shares of common stock at a price of $22.85 per share to cover withholding taxes associated with the issuance of the 772 shares.
• Following these transactions, Dr. Bettis directly owns 450,746 shares of AudioEye common stock.
• He also indirectly owns 425,045 shares through CSB IV US Holdings LLC and 18,600 shares through Carr Bettis IRA.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Positives

• The acquisition of shares by the Executive Chairman as part of his compensation demonstrates alignment with the company's success.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership changes of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates